OMGFIN Daily News

India, UAE to explore CBDC bridge to facilitate trade, remittances without USD
The bridge would be the second for the UAE, whose banks successfully participated in the mbridge project last year with Hong Kong, China, and Thailand. T...
Fri, 17 Mar, 2023 at 4:19 AM
Swiss Bankers Association proposes deposit tokens to develop digital economy
A deposit token is a concept that came out of Singapore’s Project Guardian last year, and it has already been touted by JPMorgan.  The Swiss Bankers ...
Fri, 17 Mar, 2023 at 5:02 AM
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” min...
Sat, 18 Mar, 2023 at 3:54 AM
Signum Digital scores approval to offer security tokens in Hong Kong
Hong Kong’s Security and Futures Commission greenlights Signum Digital to offer security tokens in the city after inviting applications for virtual asset tr...
Sat, 18 Mar, 2023 at 4:01 AM
Moscow City Crypto Exchanges Ready to Send Cash to London, Report
An investigation into digital asset exchanges in the Russian capital has established that some of them are ready to buy digital coins and deliver paper mone...
Sat, 18 Mar, 2023 at 3:54 AM
Several Crypto Mining Operations Busted in Russia
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The a...
Mon, 20 Mar, 2023 at 12:55 AM
Russian Parliament Votes on Bill Opening Door for Digital Ruble
Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amen...
Mon, 20 Mar, 2023 at 4:24 AM
IMF examines CBDC design in context of Islamic banking, finds some risks magnified
A central bank's digital currency’s liquidity and foreign exchange would work differently Islamic law from what might be expected. A central ba...
Tue, 21 Mar, 2023 at 1:17 AM
Australian Banking Association’s cost of living inquiry reveals bank pressure
An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shut...
Tue, 21 Mar, 2023 at 3:53 AM
Yellen defends government intervention to avoid another SVB
The U.S. Treasury Secretary Janet Yellen said the federal government would intervene if necessary to protect other small lenders.  Nearly two weeks...
Wed, 22 Mar, 2023 at 12:12 AM